Small businesses or start-ups often face challenges in growing their business. They have to cope with the competition, rising costs and managing the accounting records. As a result, they may have less time to focus on the core features of their business. Outsourcing the non-core function such as bookkeeping can be a way to reduce some pressure from their shoulders. It is trendy and is now being done extensively by many small businesses.
At Escrow Consulting Group, we provide business bookkeeping and accountancy services to companies worldwide over the years. We not only assist businesses in cutting costs but enhance their financial performances. We are one of the leading small business bookkeeping service providers available to do the business accountants’ work for your entity at a significantly lower cost. The outsourced accountancy services & solutions we offer for our clients are
1. Service to Prepare Financial Statement
Small firms must prepare and maintain financial statements. It should be mandated by the companies act of the country. It should reflect the real financial health of a company. Our outsourced accountancy services make the financial statement ready as per the act & save you from such crucial activity. We give you the time to grow your business. Our financial statement preparation services include the preparation of profit/loss accounts, trial balances, cash flow statements, balance sheets, and several financial statements for analysis and deposit to the taxation authority
2. Small Business Accounting Services
Hiring our virtual outsourced accountancy services to keep your bookkeeping operations running smoothly. No need for you to appoint a full-time in-house accountant when we do all accounting & book-keeping services for you. Our proficient team has the experience and expertise in working with accounting activities for small companies. We work with the latest accounting standard & software such as Quickbooks, Xero, Sage One, Freshbooks, Wave, Zoho books, Saasu, Bill.com, Hubdoc, Gusto, Chaser and, T-sheets etc. So, you can select the best fit for your business, and we will get up to speed on that.
3. General Bookkeeping Services for Small Businesses
Most startups and entrepreneurs who start small businesses are passionate about their products or service. But what about general bookkeeping? It is often seen as a chore that they cannot ignore to stay in business. At Escrow Consulting Group, we can bring relief to this chore and handle all the general bookkeeping works meticulously. We can handle everything from simple maintenance of ledgers to payroll processing, tax preparation, account reconciliation, and preparing cash flow statements.
4. Accounts Cleanup
Maintaining accurate accounting records is significant to any small business. It is necessary to check the unnecessary expenses and cash inflow. But, error-free bookkeeping requires expertise. It is very much essential during the financial year-end and tax seasons. Our accounts cleanup services include tallying accounts with actual expenses, inflows, outflows, and bank accounts, classifying accounting items in the correct category, treating the bad debts, depreciations and removing any dead transactions.
5. Accounts Payable Management Services
We provide multiple accounts payable services. It may be from the invoice receipt, uploading, tracking, and processing to reconciliation & bill tracking. We handle all these, ensuring that your books are always in up-to-date order and ready to present before the authority.
6. Accounts Receivable Management Services
We have a seasoned accounting team that manages to deal carefully with all your accounts receivable entries. It ensures that you get the receivable on time. If not, we send timely reminders to those debtors or clients whose payments are pending. As a whole, we will boost your cash flow and help you cut down on operational expenses.
At Escrow Consulting Group, we entertain start-ups, new entrepreneurs, and established business owners that require assistance with outsourced accounting & bookkeeping services & finances. If you are one of them, please call one of our team members to deal with the things.